Premium Brands (TSE:PBH) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Shares of Premium Brands Holdings Co. (TSE:PBH) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$90.22 and traded as low as C$80.28. Premium Brands shares last traded at C$80.35, with a volume of 54,266 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PBH. CIBC dropped their price objective on Premium Brands from C$103.00 to C$90.00 in a research note on Thursday, November 7th. National Bankshares boosted their target price on shares of Premium Brands from C$101.00 to C$109.00 and gave the company a “sector perform” rating in a research report on Thursday, October 24th. BMO Capital Markets reduced their price target on shares of Premium Brands from C$111.00 to C$94.00 in a report on Thursday, November 7th. Stifel Nicolaus cut their price objective on shares of Premium Brands from C$106.00 to C$101.00 in a research report on Thursday, November 7th. Finally, TD Securities decreased their target price on Premium Brands from C$129.00 to C$120.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Premium Brands presently has a consensus rating of “Moderate Buy” and an average target price of C$103.50.

Premium Brands Trading Down 1.1 %

The firm’s 50-day simple moving average is C$90.15 and its 200 day simple moving average is C$90.22. The firm has a market cap of C$3.57 billion, a P/E ratio of 31.63, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. The company has a quick ratio of 1.16, a current ratio of 1.56 and a debt-to-equity ratio of 161.28.

Premium Brands (TSE:PBH) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$1.11 earnings per share for the quarter, missing the consensus estimate of C$1.36 by C($0.25). Premium Brands had a net margin of 1.78% and a return on equity of 6.43%. During the same period in the prior year, the business earned $1.27 EPS. As a group, analysts expect that Premium Brands Holdings Co. will post 6.039823 earnings per share for the current year.

Premium Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.85 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $3.40 annualized dividend and a dividend yield of 4.23%. Premium Brands’s payout ratio is 133.86%.

Insider Buying and Selling

In related news, Director Johnny Ciampi acquired 3,500 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were bought at an average cost of C$77.02 per share, for a total transaction of C$269,570.00. Also, Senior Officer William Dion Kalutycz sold 7,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of C$86.30, for a total transaction of C$604,100.00. 2.01% of the stock is owned by insiders.

About Premium Brands

Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates in two segments, Specialty Foods and Premium Food Distribution. The company provides processed meat, deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, entrees, panini, wraps, subs, hamburgers, burgers, salads and kettle products, muffins, breads, pastas, pizza, and baking and sushi products.